Our Investment Club Account is an account for groups of people coming together to pool resources for Investment purposes through overdraft and mortgages.
Features of Investment Club Savings Account:
- Minimum of 4 people required to form a club
- Opening balance of UGX 50,000/ USD 50/EUR 50/GBP 50
- Minimum balance UGX 50,000/ USD 30/EUR 30/GBP 30
- Tiered interest based on account balance to accrue daily and applied semi-annually
- UGX 100,000 – 1,000,000 : 3% pa.
- Ugx 1,000,001– 5,000,000 : 4%pa.
- Ugx 5,000,001 -30,000,000: 6 % pa.
- Ugx 30 ,000,000: 7%pa.
- Competitive interest rates of up to 7% p.a.
- Third party savings withdraw voucher.
- Free monthly statements.
- Preferential forex rates.
- Regular training and capacity building
- Reserved club name with URSB
- Certified copy of the club constitution/bye laws
- Certified copy of resolution to open the account
- National IDs of the signatories
- 2 passport photos for each of the signatories